Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling

As the United States debt ceiling deadline approaches, some have suggested using the 14th Amendment to overcome the political stalemate. However, Deputy Treasury Secretary Wally Adeyemo has officially ruled out this possibility. The article explores what the 14th Amendment is, why it is being considered in this situation, and why the Deputy Treasury Secretary is against it. Essentially, the 14th Amendment was added to the Constitution following the Civil War to guarantee the payment of debts and to prevent future Confederate leaders from repudiating debts. However, some people believe that it can be interpreted to mean that the government can issue debt to meet its obligations even if the debt limit has already been exceeded. While this might seem like an attractive solution, the Deputy Treasury Secretary does not think it is the right approach because it could undermine the separation of powers and lead to a constitutional crisis. While this development might be disappointing for those who were holding out hope that the 14th Amendment might save the day, the article provides a clear explanation of why it is not a viable option. It also helps readers understand the stakes involved in the debt limit debate and how it is far from a trivial matter.